Timberland Bancorp, Inc. reported net income of $31.17 million for the fiscal year ended September 30, 2026, an increase of 7% compared to the $29.16 million reported for the fiscal year ended September 30, 2025. Earnings per diluted common share (EPS) increased 8% to $3.96 for the 2026 fiscal year from $3.67 for the 2025 fiscal year.
For the quarter ended September 30, 2026, the company reported net income of $8.11 million, or $1.04 per diluted common share. This represents a 6% increase in EPS from the preceding quarter ($0.98) and a 3% decrease from the comparable quarter one year ago ($1.07). The year-over-year decrease in the current quarter was attributed to a $1.04 million bank-owned life insurance (BOLI) death benefit claim recorded in the prior year period.
The company’s Board of Directors declared a quarterly cash dividend of $0.31 per common share, marking a 3% increase from the previous dividend. The dividend is payable on November 27, 2026, to shareholders of record on November 12, 2026. This marks the 56th consecutive quarterly cash dividend paid by the company.
Key financial metrics for the quarter ended September 30, 2026, included a return on average assets (ROA) of 1.56% and a return on average equity (ROE) of 11.72%. The net interest margin (NIM) increased to 3.96% from 3.85% in the preceding quarter and 3.82% in the prior year quarter.
On the balance sheet, total assets increased slightly to $2.06 billion, driven primarily by a 2% increase in net loans receivable. Total deposits increased 3% year-over-year to approximately $1.59 billion. The company repurchased 40,395 shares of common stock during the quarter for $1.85 million. Non-performing assets to total assets stood at 0.42% at September 30, 2026.
